$ETH
down 5.7% today. Is the worst over yet? 📉
ETH/USDT is trading around $2,203 after a sharp, high-volume drop from $2,379. Price remains below MA7 ($2,217), MA25 ($2,263), and MA99 ($2,311). The last 15m candle has a long lower wick from $2,174, showing buyers defended that area. But sellers are still strong.
📊 Key Levels:
🟢 Support: $2,174 → $2,163
🔴 Resistance: $2,217 → $2,254 → $2,263
Bounce scenario: A 15m close above $2,217 could trigger a risky counter-trend bounce toward $2,254, then $2,263. Stop-loss below $2,170.
Breakdown scenario: A 15m close below $2,174 could open the door toward $2,163 or lower. Stop-loss above $2,220.
BTC is also down 4.6%, so watch its $76,658 support. My bias remains bearish until confirmation appears.
Use a stop-loss and risk no more than 1% of capital per trade.
Are you buying ETH here or waiting?
#ETH #Binance #BinanceSquare
Not financial advice. DYOR.
down 5.7% today. Is the worst over yet? 📉
ETH/USDT is trading around $2,203 after a sharp, high-volume drop from $2,379. Price remains below MA7 ($2,217), MA25 ($2,263), and MA99 ($2,311). The last 15m candle has a long lower wick from $2,174, showing buyers defended that area. But sellers are still strong.
📊 Key Levels:
🟢 Support: $2,174 → $2,163
🔴 Resistance: $2,217 → $2,254 → $2,263
Bounce scenario: A 15m close above $2,217 could trigger a risky counter-trend bounce toward $2,254, then $2,263. Stop-loss below $2,170.
Breakdown scenario: A 15m close below $2,174 could open the door toward $2,163 or lower. Stop-loss above $2,220.
BTC is also down 4.6%, so watch its $76,658 support. My bias remains bearish until confirmation appears.
Use a stop-loss and risk no more than 1% of capital per trade.
Are you buying ETH here or waiting?
#ETH #Binance #BinanceSquare
Not financial advice. DYOR.
